NYSE:MR - Montage Resources Stock Price, Forecast & News

Montage Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "MR."

Montage Resources Corp (NYSE:MR) released its earnings results on Thursday, November, 7th. The medical instruments supplier reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.35. The medical instruments supplier earned $163.30 million during the quarter, compared to analyst estimates of $159.90 million. Montage Resources had a return on equity of 9.65% and a net margin of 8.58%. View Montage Resources' Earnings History.

Montage Resources is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Montage Resources.

4 Wall Street analysts have issued 12 month target prices for Montage Resources' stock. Their forecasts range from $7.00 to $17.00. On average, they anticipate Montage Resources' stock price to reach $10.50 in the next year. This suggests a possible upside of 69.1% from the stock's current price. View Analyst Price Targets for Montage Resources.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montage Resources in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Montage Resources.

News headlines about MR stock have trended very positive on Saturday, InfoTrie reports. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Montage Resources earned a news sentiment score of 3.6 on InfoTrie's scale. They also gave media stories about the medical instruments supplier a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Montage Resources.

Montage Resources saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,910,000 shares, an increase of 11.0% from the September 30th total of 1,720,000 shares. Based on an average daily volume of 610,900 shares, the days-to-cover ratio is presently 3.1 days. Currently, 10.7% of the company's stock are short sold. View Montage Resources' Current Options Chain.

Some companies that are related to Montage Resources include Oasis Petroleum (OAS), QEP Resources (QEP), Berry Petroleum (BRY), Carrizo Oil & Gas (CRZO), Antero Resources (AR), GENEL ENERGY PL/ADR (GEGYY), W&T Offshore (WTI), Dorchester Minerals (DMLP), Laredo Petroleum (LPI), Hess Midstream Partners (HESM), Falcon Minerals (FLMN), Denbury Resources (DNR), Whiting Petroleum (WLL), Gulfport Energy (GPOR) and Penn Virginia (PVAC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Montage Resources investors own include Rex Energy (REXX), Pegasystems (PEGA), Curis (CRIS), Ford Motor (F), Gulfport Energy (GPOR), Chesapeake Energy (CHK), Uniti Group (UNIT), Bank of America (BAC), XPO Logistics (XPO) and Capstone Turbine (CPST).

Montage Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Raging Capital Management LLC (4.43%), State Street Corp (1.13%), Systematic Financial Management LP (0.38%), Boston Partners (0.24%), Soros Fund Management LLC (0.14%) and Virginia Retirement Systems ET AL (0.08%). Company insiders that own Montage Resources stock include Encap Energy Capital Fund Viii, John K Reinhart, Michael L Hodges, Oleg E Tolmachev and Richard D Paterson. View Institutional Ownership Trends for Montage Resources.

MR stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Soros Fund Management LLC and Millennium Management LLC. View Insider Buying and Selling for Montage Resources.

MR stock was purchased by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, Raging Capital Management LLC, State Street Corp, Voloridge Investment Management LLC, Virginia Retirement Systems ET AL, Zurcher Kantonalbank Zurich Cantonalbank, Tower Research Capital LLC TRC and California Public Employees Retirement System. Company insiders that have bought Montage Resources stock in the last two years include Encap Energy Capital Fund Viii, John K Reinhart, Michael L Hodges and Oleg E Tolmachev. View Insider Buying and Selling for Montage Resources.

Shares of MR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MR stock can currently be purchased for approximately $6.21.

Montage Resources has a market capitalization of $222.38 million and generates $515.15 million in revenue each year. Montage Resources employs 159 workers across the globe.View Additional Information About Montage Resources.

The official website for Montage Resources is http://www.montageresources.com/.

Montage Resources' mailing address is 122 WEST JOHN CARPENTER FREEWAY SUITE 300, IRVING TX, 75039. The medical instruments supplier can be reached via phone at 469-444-1647.